Sky-mobi Limited Announces Results of Annual General Meeting
December 14 2012 - 8:00AM
Sky-mobi Limited ("Sky-mobi" or the "Company") (Nasdaq:MOBI), a
leading mobile application store and mobile social network
community operator in China, today announced that the following
ordinary resolutions were adopted at its 2012 annual general
meeting, which was held today, December 14, 2012, in Macau:
1. the re-election of Mr. Kui Zhou as a Class B director of the
Company;
2. the re-election of Mr. Wei Zhou as a Class B director of the
Company; and
3. the appointment of Deloitte Touche Tohmatsu as the Company's
independent registered public accounting firm for the fiscal year
ending March 31, 2013.
The shareholders also authorized Mr. Michael Tao Song to take
any action to effect the foregoing resolutions.
About Sky-mobi Limited
Sky-mobi Limited operates the leading mobile application store
in China based on number of user visits, downloads and handset
manufacture partners. The Company works with handset companies to
pre-install its Maopao mobile application store on handsets and
with content providers to provide users with applications and
content titles. Users of its Maopao store can browse, download, and
enjoy a range of applications and content, such as single-player
games, mobile music, and books. The Company's Maopao store enables
mobile applications and content to be downloaded and run on various
mobile handsets with different hardware and operating system
configurations. The Company also operates a mobile social network
community in China, the Maopao Community, where it offers mobile
social games, as well as applications and content with social
network functions to its registered members. The Company is based
in Hangzhou, the People's Republic of China. For more information,
please visit: www.sky-mobi.com.
The Sky-mobi Limited logo is available at
http://www.globenewswire.com/newsroom/prs/?pkgid=8458
Safe Harbor Statement
This announcement contains forward-looking statements within the
meaning of the safe harbor provisions of the Private Securities
Litigation Reform Act of 1995. In some cases, you can identify
forward-looking statements by such terms as "may," "will,"
"believes," "expects," "anticipates," "intends," "estimates,"
"plans," "continues" or other similar expressions, the negative of
these terms, or other comparable terminology. Such statements
are subject to risks and uncertainties that could cause actual
results to differ materially from those projected. Potential
risks and uncertainties include the effectiveness, profitability,
and marketability of the Company's solutions; the Company's limited
operating history; measures introduced by the PRC government and
mobile network operators aimed at mobile applications-related
services; the Company's ability to maintain relationships with
handset companies, content providers and payment service providers;
its dependence on mobile service providers and mobile network
operators for the collection of a substantial majority of its
revenues; billing and transmission failures, which are often beyond
the Company's control; its ability to compete effectively; its
ability to capture opportunities in the growing smart phone market;
its ability to obtain and maintain applicable permits and
approvals; general economic and business conditions; the volatility
of the Company's operating results and financial condition; the
Company's ability to attract or retain qualified senior management
personnel and research and development staff; and other risks
described in the Company's filings with the Securities and Exchange
Commission, including its annual report on Form 20-F filed on June
29, 2012. These forward-looking statements are based on
current expectations, assumptions, estimates and projections about
the Company and its industry. The Company undertakes no
obligation to update forward-looking statements to reflect
subsequent occurring events or circumstances, or changes in its
expectations, except as may be required by law.
CONTACT: Company Contact:
Sky-mobi Limited
Mr. Carl Yeung, Chief Financial Officer
Phone: +(86) 571-8777 0978 (Hangzhou)
Email: ir@sky-mobi.com
Investor Relations Contact:
CCG Investor Relations
Mr. John Harmon, CFA, Sr. Account Manager
Tel: +86-10-8573 1014 (Beijing)
E-mail: john.harmon@ccgir.com
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